Lara Ademola off Aaron Irabor street, Agungi lekki, lagos N60, 000,000.00 each Fourteen unit of four bedroom detach house 4 Parking 350sq/m per each unit Make an offer for the property now! The 14 unit Agungi property stands out as an excellent structure for both residential and commercial purpose, in a mini estate built for young families. It is currently under construction as a 14unit of 4 bedroom detach house. Interior details 4 bedroom detach house 350sq/m for each unit Good and quality fittings All rooms en-suit Exterior details Site size 4100.22sq/m Aluminum roofing sheet Swimming pool and a gym house Glass glazed Aluminum doors. Stand by 2 units of 150KVA Generators Industrial bore hole and inter locking paving stone
In recent years, the construction market in Nigeria has been among the world’s fastest growing. It was forecasted to have expanded by 14% in 2014, which it did on the back of a diverse array of real estate demand drivers including substantial state investment in infrastructure, rising levels of foreign direct investment and rapidly increasing rates of urbanization fueled by rising per capita incomes and strong corporate demand.
The value of properties in Nigeria, especially Lagos, moved in tangent with the global market price following the 2007/08 global crises, however recent research indicated that property values have rebounded.
The Lagos residential real estate market, despite the recession, still shows signs of increased vibrancy. Lagos continues to remain a fast paced, dynamic city with demand for housing driven by population growth. In fact, real estate is cheaper now more than ever and this presents a rare opportunity for investors before the market bounces back and a price reversion occurs.
Lekki has shown the strongest land price appreciation over the year, doubling in value from N121,000 psqm to N242,000 psqm over the year due to increased commercial activity, the positive impact of the Lekki-Ikoyi Link Bridge and the emerging maturity of the location as a prime commercial and residential district of Lagos.
Lekki is an immensely prosperous area of Lagos state with many people living and working within its vicinity. Over the years, traffic flow into the area has increased, however, the state government has invested greatly into certain infrastructural developments and road creation in order to allow for free traffic flow.
The project is in the prime location of Agungi, Lekki. The location is characterized by the high spending power of its residents and high purchasing power parity in relation to other areas in Lagos state. Lekki consists a large A-C socio-economic class with predominantly A2, B1 and B2 groups.
The area is situated along the lekki epe expressway and is mainly comprised of residential projects and some commercial land use. Alongside Agungi are the Osapa London and Ikate areas. Many estates have come up in Agungi; Bakare estate, New gate Estate, Milverton estate, Ajiran Mews, Friends colony estate, Deras court, among others.
The most popular of these would be Bakare estate and New gate estate. An advantage that Deras Court holds over these two is the sense of togetherness and community it instils in tis residents. Being a 14-unit mini estate, it is far more easily managed and the available utilities and facilities are not stressed or overburdened.